Inceptionr LLC Sells 43,699 Shares of News Co. (NASDAQ:NWSA)

Inceptionr LLC lowered its stake in shares of News Co. (NASDAQ:NWSA - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,077 shares of the company's stock after selling 43,699 shares during the period. Inceptionr LLC's holdings in News were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in News in the 3rd quarter worth $39,000. R Squared Ltd bought a new stake in shares of News in the fourth quarter worth about $49,000. Smartleaf Asset Management LLC lifted its position in shares of News by 49.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,989 shares of the company's stock worth $55,000 after buying an additional 660 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in News during the third quarter valued at approximately $85,000. Finally, Principal Securities Inc. grew its holdings in News by 18.5% during the 4th quarter. Principal Securities Inc. now owns 3,334 shares of the company's stock valued at $92,000 after buying an additional 521 shares in the last quarter. Institutional investors own 66.97% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NWSA shares. Guggenheim increased their target price on News from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of News from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. UBS Group upgraded shares of News from a "neutral" rating to a "buy" rating in a report on Tuesday, February 4th. Seaport Res Ptn raised shares of News to a "strong-buy" rating in a report on Friday, January 31st. Finally, Loop Capital reduced their price objective on News from $44.00 to $41.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, News presently has an average rating of "Buy" and an average target price of $39.25.

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News Trading Down 2.2 %

Shares of News stock traded down $0.61 during trading on Monday, hitting $27.35. The stock had a trading volume of 3,170,179 shares, compared to its average volume of 2,980,624. The stock has a market cap of $15.52 billion, a PE ratio of 37.47 and a beta of 1.34. News Co. has a 12 month low of $22.65 and a 12 month high of $30.69. The firm's fifty day simple moving average is $28.27 and its 200-day simple moving average is $27.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65.

News (NASDAQ:NWSA - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. News had a return on equity of 5.31% and a net margin of 4.22%. As a group, sell-side analysts expect that News Co. will post 0.94 EPS for the current fiscal year.

News Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Wednesday, March 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, March 12th. News's dividend payout ratio (DPR) is presently 27.40%.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.